Bitcoin (BTC) has fallen to $90,000 during early U.S. trading hours on December 5, erasing much of its recent gains. Ethereum (ETH) and other major altcoins also saw declines, with prices dropping between 2% and over 4%. Crypto-related stocks, including MicroStrategy (MSTR) and Galaxy Digital (GLXY), experienced losses of 4% to 7%.
The sell-off was most pronounced around the U.S. market open, according to Velo data. However, a slight recovery occurred following the release of the University of Michigan's inflation data, which indicated lower-than-expected consumer inflation expectations.
Bitcoin Drops to $90,000 Amid Holiday Weekend Sell-Off
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